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Reduced Price for Organic Meat and Food Store in Affluent Richmond, London

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Price Drop - Organic Meat and Food Store Photo 1
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Price Drop - Organic Meat and Food Store
  • Status

    FOR SALE

  • Date Submitted:

    14/07/21

  • Advert ID

    279676

  • Reference

    66661-950567 / Rightbiz

  • Call Agent:

    Registered members »

  • Leasehold: £115,000
  • Turnover: £500,000 (£9,615 Per week)
  • Net Profit: £75,000 (15% Profit margin)

Business Details

Price Drop Organic Meat and Food Store

This organic meat and food store which was opened in June 2020 by the current owner and is situated in the affluent borough of Richmond, in London. The business is a continental style grocers and butchers, offering fresh fruit and vegetables, fresh cut meats, and foods that you find in upmarket organic stores in the West End or central London. The owner is an an experienced businessperson who has overseen the steady growth in sales to the public and the supply of fresh meat to local businesses. The owner has fitted the shop with quality fittings and equipment which is included in the sale.
The business has a steady and loyal customer base drawn from the surrounding residential areas.

The business is located on a busy high street and services affluent local residents through a wider variety of speciality produce. The property was previously a restaurant with A3 and A5 licenses, therefore, the business could be reverted to a restaurant if the new owner wishes to do so. The owner installed a cold storage room in the basement to store meats.

At present, the business has seen sales rise rapidly to between £8,000-£12,000 per week despite turbulent trading conditions. The business is now forecasted to achieve revenues of £500,000 this financial year with current trading performance. The sale includes all fixtures and fittings, meat cold storage room, fridges, freezers, air-conditioning and all remaining stock. The owner is unexpectedly selling due to personal / family reasons.

Key Strengths:
1. Continental organic grocery and meat business which is unique in the area
2. Situated in an affluent part of West London
3. Strong consistent and growing sales
4. Long lease
5. Recently refitted and refurbished
6. Multiple use – formerly a restaurant with appropriate licenses

PLEASE NOTE:

Financing may be available for qualified buyers.

For additional details or to arrange to view the business, please contact Sunil Misra on 0203 911 1059 or email [email protected]

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Contact Agent

Contact the seller for more details, or book a viewing

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Stay Safe

Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.

Stay Safe

The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.

Stay Safe

Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.

Stay Safe

Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.

Stay Safe

Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.

Stay Safe

Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.

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